DiamondBuzz
The right time to Increase De Beers stake: Botswana’s mines minister
Botswana’s mines minister Bogolo Kenewendo says it’s “absolutely” the right time to discuss the government increasing its 15 per cent stake in De Beers.
She indicated that Anglo American, which owns the other 85 per cent of De Beers, was moving closer to an initial public offering (IPO) and that Botswana was pushing for a larger stake.
Anglo announced last week that it was likely to write down the value of De Beers from its current $7.6bn, as a result of persistent weak diamond demand, especially in China.
Botswana’s diamond, which accounts for over 70 per cent of the country’s export earnings, has been severely hit by the global slump in demand.
In the last nine months of 2024 Debswana – its 50/50 joint venture with De Beers it sold $1.53bn of rough, down 52 per cent on the same period in 2023.
DiamondBuzz
World’s First Lab-Grown Diamond In Space – COSMOS x Skyroot – Taking Indian LuxuryBeyond Earth
In a first-of-its-kind collaboration, Cosmos Diamonds has partnered with Skyroot Aerospace to send India’s first lab-grown diamond jewel into space. At the heart of the mission is the Cosmos Bloom Diamond, a lotus-inspired creation handcrafted in 18 kt gold and adorned with 16 carats of lab-grown diamonds, all grown and crafted in India. Valued at Rs 11 lakh that brings together Indian craftsmanship, innovation, and heritage.
To celebrate the milestone, Cosmos has unveiled The Cosmic Bloom Collection, a limited-edition series, inspired by the space bound jewel. The brand has also applied to Asia Records to be recognized as the first diamond jewellery brand from India to send a diamond jewel into space.
Blending fashion, technology, and storytelling, the collaboration marks a defining moment for modern Indian luxury where jewellery is no longer just worn, but becomes part of history.
Stores: Bangalore, KA & Vijayawada, AP
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JewelBuzz is Asia’s First Digital Jewellery Media & India’s No.1 B2B Jewellery Magazine, published by AM Media House. Since 2016, we’ve been the trusted source for jewellery news, market trends, trade insights, exhibitions, podcasts, and brand stories, connecting jewellers, retailers, and industry professionals worldwide.